Insider Selling: UMH Properties, Inc. (NYSE:UMH) Director Sells $53,928.00 in Stock

UMH Properties, Inc. (NYSE:UMH) Director Angela D. Pruitt sold 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total value of $53,928.00. Following the completion of the transaction, the director now owns 7,993 shares of the company’s stock, valued at approximately $153,945.18. This represents a 25.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

UMH Properties Stock Performance

Shares of NYSE UMH opened at $19.25 on Friday. The stock has a market capitalization of $1.52 billion, a P/E ratio of 148.05, a P/E/G ratio of 3.46 and a beta of 1.30. The firm’s 50-day moving average price is $19.16 and its two-hundred day moving average price is $17.85. UMH Properties, Inc. has a 52-week low of $13.91 and a 52-week high of $20.64. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11.

UMH Properties (NYSE:UMH) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). The company had revenue of $60.67 million for the quarter, compared to the consensus estimate of $61.57 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. During the same quarter in the previous year, the company earned $0.22 earnings per share. As a group, sell-side analysts forecast that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a $0.215 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.86 annualized dividend and a yield of 4.47%. UMH Properties’s dividend payout ratio is presently 661.59%.

Wall Street Analysts Forecast Growth

UMH has been the topic of a number of analyst reports. Wedbush lifted their target price on UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Finally, B. Riley upped their price objective on UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a research note on Thursday, August 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, UMH Properties currently has a consensus rating of “Moderate Buy” and an average price target of $21.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of UMH. State Street Corp grew its holdings in UMH Properties by 44.5% in the 3rd quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock worth $55,127,000 after buying an additional 863,089 shares in the last quarter. Kennedy Capital Management LLC grew its stake in shares of UMH Properties by 245.9% in the first quarter. Kennedy Capital Management LLC now owns 664,377 shares of the real estate investment trust’s stock worth $10,789,000 after purchasing an additional 472,307 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of UMH Properties by 476.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 335,874 shares of the real estate investment trust’s stock valued at $6,607,000 after purchasing an additional 277,590 shares during the period. Brookfield Corp ON bought a new stake in shares of UMH Properties during the third quarter valued at about $4,331,000. Finally, Eagle Asset Management Inc. acquired a new stake in UMH Properties in the third quarter worth about $3,513,000. Institutional investors own 75.40% of the company’s stock.

UMH Properties Company Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia.